Apply for State Bank of India Business Loan @ 8.00% Interest Rates
SBI Business Loan Highlights 2025
| Interest Rates | 8.00% p.a. onwards |
| Loan Amount | Up to Rs. 500 Crores |
| Tenure | Up to 5 Years |
| Processing Fee | Up to 1% of the limit |
| CIBIL Score | 750+ |
| Foreclosure Charges | 3% |
Key Features of SBI Business Loan
Some of the striking features of the SBI online Business Loan are:
- A host of Business Loans to match diversified customer requirements.
- The SBI business loan interest rates start from just 8.00% p.a.
- The need-based funding is available for all types of business operations.
- Collateral-free loans are available for MSMEs.
- The application process is simple and easy to follow.
- Business loan for women in SBI comes at concessional interest rates.
Eligibility Criteria for SBI Business Loans
SBI provides an extensive range of business loans, each with its specific criteria designed to meet the varied needs of different business entities. Here’s a detailed look at the business loan eligibility SBI for various business loans:
SBI Asset Backed Business Loans
- Targeted at MSME business units as defined by the MSMED Act 2006.
- Open to both existing customers with credit facilities and new units offering marketable assets as security.
- Takeover of existing units with a satisfactory credit track record is allowed.
SBI Asset Backed Business Loans – Commercial Real Estate
- Applicable to proprietorships, partnerships, companies, or LLPs.
- Eligibility extends to existing customers and new units with marketable assets as security.
- Includes takeover of units with a satisfactory credit history.
SBI Healthcare Business Loan
- Designed for individuals, proprietorship/partnership firms, corporates, or trusts.
- Applicants must have at least 2 years of operations in their healthcare facility.
- Promoters need relevant qualifications (MBBS, BDS, BHMS, etc.) and statutory approvals/registrations.
- ITR is mandatory for units operating for at least 1 financial year.
SBI SME Marble Plus Loan
- For new or existing units in the marble and stone industry, including manufacturing, processing, and trading.
- Takeovers from other lenders are allowed given a satisfactory track record.
SBI Business Loan for Warehouse Receipt Finance
- Aimed at traders, manufacturers, or goods owners with warehouse receipts from recognized Collateral Managers, CWC, or SWC.
SBI PM Mudra Yojana Loan
- Available to both new and existing businesses in trading, manufacturing, services, and allied agricultural sectors.
SBI Stand Up India Business Loan
- Specifically for SC/ST and women entrepreneurs establishing greenfield projects in services, trading, or manufacturing.
SBI Business Loan for SME Finance of CA Firm
- CA firms registered with ICAI are eligible.
- Promotors’ age should be between 25 to 65 years.
- At least 5 years old Certificate of Membership or Practice from ICAI.
- Minimum ITR for the past 3 years and a score above 60% as per the scheme’s scorecard.
- Registration on the UDYAM portal as MSME and a CIC score above 650 is required.
SBI Business Loan for Fleet Finance
- Intended for existing fleet operators, business enterprises, contractors, etc.
- A minimum of 3 years of experience in the transport industry is required.
- Eligibility is linked to scoring models and a satisfactory track record with existing banks/FIs.
SBI Lease Rental Discounting
- Owners of commercial or residential buildings leased to banks, MNCs, large corporates, etc.
- Properties leased to social infrastructure projects are not eligible.
SBI Simplified Small Business Loan
- Targeted at business units in manufacturing or services, and self-employed individuals in wholesale/retail trade.
- Requires 3 years of business continuity in the same area and a satisfactory banking relationship.
SBI SME Smart Score Business Loan
- Open to MSMEs in industrial, trading, and service sectors.
- The chief promoter/executive must be between 18 to 65 years old.
- A minimum score of 60% in their evaluation model is required.
SBI SME Credit Card
- Available to Micro Enterprises, SSI units, Retail Traders, etc.
- Mandatory Udyam Registration with the MSME ministry.
- A minimum of 60% score as per the Scoring Model is required.
SBI Business Loan to Business Correspondents
- For Kiosk operators or customer service providers engaged by SBI.
- Age criteria range from 18 to 60 years, with at least 1 year of attachment to the bank.
SBI SME Gold Loan
- Targeted at MSME units (proprietorship firms) with active operations.
- The account should not be classified as NPA.
SBI SME Car Loan
- Available to MSME or Non-MSME units with borrowing arrangements with SBI.
- Account should not be in SMA-1 or worse category in the last year.
SBI Open Term Loan
- For existing customers with a good credit rating and track record.
- Non-customers or units without borrowing arrangements with SBI are not eligible.
SBI Healthcare Business Loan
- For healthcare entities with at least 2 years of operation.
- The promoter needs to have relevant qualifications and statutory approvals.
- ITR is mandatory for all existing units operating for a minimum of 1 financial year.
SBI Business Loan Fees & Charges
| Type of Business Loan | Processing Charges |
|---|---|
| Asset Backed Loan/ Asset-Backed Loan – Commercial Real Estate | 1% of the limits (maximum Rs. 10 Lakhs) |
| e Dealer Finance Scheme/ e Vendor Finance Scheme | Rs. 10,000 – Rs. 30,000 |
| Fleet Finance | 1% of the limit |
| PM Mudra Yojana | 0.50% + applicable tax for Tarun |
| SME eBiz Loan | 1% of limit sanctioned + applicable taxes for 1st year & 0.35% + applicable taxes for 2nd year onwards. |
| Simplified Small Business Loan | Rs. 7,500 |
| Stand Up India | Rs. 0.20% of loan amount + GST |
| Warehouse Receipt Finance | Up to Rs. 3 Lakhs |
| Finance to Food Processing Industry | Up to 0.40% of loan amount (maximum Rs. 40 Lakhs) |
| Loans to Business Correspondents | 0.50% for loans above Rs. 50,000 |
| SBI OD Product | 1% of loan amount |
| SME Gold Loan | Rs. 500 – Rs. 1,000 + applicable taxes |
| PMMY | 0.50% + applicable tax for Tarun |
SBI Business Loan Documents Required
Broadly, you will need the following SBI Business Loan documents when applying for the loan:
- Duly filled loan application form.
- 2 photographs of the applicant in passport size.
- Proof of identity, such as Passport, PAN Card, Voter ID, or Driving License.
- Proof of residential address, such as Registered Rent Agreement, Leave and License/, Utility Bill of at least 3 months, or Passport.
- Proof of business, such as GST/ Service Tax registration, Company’s incorporation details including address proof of the business, P&L Account and Balance Sheet certified by a CA, the proof of the business’s existence, a copy of the partnership deed and business profile.
- In case of companies, KYC documents of Directors.
- For partnership firms, KYC documents of Partners.
- Bank statements and Sanction Letters of existing loans.
- All the legal, property-related documents like past Title Chain. E.g. Conveyance Deed, Allotment Letter, Sales Deed, Latest Property Tax Receipt, Possession Letter, Copy of Approved Plan of construction or extension.
- The documentation requirement may greatly vary as per the loan product. MyMoneyMantra representative will guide you on the same.